Lebanon, PA housing market
Home prices around Lebanon have risen about 43% over the past 5 years. Builders were permitted 6 new homes in 2025.
Home values, sales, trends and how Lebanon compares with the towns next door — updated as new data is published.
Home prices up 43% in 5 years
The federal house price index for the ZIP codes around Lebanon rose 43% over the past 5 years, slower than across Pennsylvania (48%). Last year prices rose 9.6%.
Show as a table
| Year | Change that year | Since 2000 | Pennsylvania since 2000 |
|---|---|---|---|
| 2025 | +9.6% | +118% | +164% |
| 2024 | −11% | +99% | +152% |
| 2023 | +18% | +123% | +138% |
| 2022 | +14% | +89% | +122% |
| 2021 | +8.6% | +66% | +96% |
| 2020 | −1% | +53% | +79% |
| 2019 | +10% | +54% | +72% |
| 2018 | 0% | +40% | +66% |
| 2017 | +7.6% | +40% | +59% |
| 2016 | −3.1% | +30% | +53% |
| 2015 | +5.8% | +35% | +49% |
| 2014 | −3.7% | +27% | +46% |
| 2013 | −1.8% | +32% | +43% |
| 2012 | −4.4% | +35% | +42% |
| 2011 | −1.7% | +41% | +45% |
| 2010 | −2.5% | +43% | +48% |
| 2009 | −5.7% | +47% | +52% |
| 2008 | +3.6% | +56% | +57% |
| 2007 | +1.5% | +50% | +59% |
| 2006 | +9.2% | +48% | +55% |
| 2005 | +7.4% | +36% | +44% |
| 2004 | +14% | +26% | +29% |
| 2003 | +9.6% | +11% | +17% |
| 2002 | +2.1% | +1.3% | +12% |
| 2001 | −0.8% | −0.8% | +6.2% |
| 2000 | — | — | — |
How Lebanon ranks on rising home prices →
Federal Housing Finance Agency House Price Index (annual, developmental) for ZIP codes 18431, 18453, 18417, covering 65% of Lebanon’s land, weighted by land area. It tracks repeat sales and appraisals of the same homes, so it shows how prices changed, not what homes cost.
6 new homes permitted in 2025
Builders were permitted 6 new homes in Lebanon in 2025, all single-family houses, worth about $3.1 million to build. Over the past 10 years, Lebanon has permitted 39 homes in all.
Homes vs. people, 2010–2020
Between the 2010 and 2020 censuses, Lebanon's population fell by 6 even though 21 new homes were permitted. Homes are holding fewer people: households are getting smaller, or more homes are used part of the year. 26% of Lebanon's homes are seasonal or vacation homes, which adds housing without adding residents. Across Pennsylvania: 1.4 new residents per new home.
How Lebanon ranks on housing keeping up with growth →
Residents: U.S. Census Bureau, 2010 and 2020 censuses. New homes: permits issued 2010–2019.
Show as a table
| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2026 (Jan–Aug) | 3 | 3 | 0 | $1.6 million |
| 2025 | 6 | 6 | 0 | $3.1 million |
| 2024 | 8 | 8 | 0 | $4.8 million |
| 2023 | 6 | 6 | 0 | $1.4 million |
| 2022 | 3 | 3 | 0 | $1.3 million |
| 2021 | 4 | 4 | 0 | $1.7 million |
| 2020 | 3 | 3 | 0 | $760,000 |
| 2019 | 1 | 1 | 0 | $650,000 |
| 2018 | 3 | 3 | 0 | $942,000 |
| 2017 | 3 | 3 | 0 | $875,000 |
| 2016 | 2 | 2 | 0 | $261,000 |
| 2015 | 1 | 1 | 0 | $246,000 |
| 2014 | 4 | 4 | 0 | $1.2 million |
| 2013 | 2 | 2 | 0 | $642,000 |
| 2012 | 1 | 1 | 0 | $91,000 |
| 2011 | 3 | 3 | 0 | $519,000 |
| 2010 | 1 | 1 | 0 | $292,000 |
| 2009 | 0 | 0 | 0 | — |
| 2008 | 1 | 1 | 0 | $182,000 |
| 2007 | 4 | 4 | 0 | $750,000 |
| 2006 | 4 | 4 | 0 | $1.2 million |
| 2005 | 5 | 5 | 0 | $1.5 million |
| 2004 | 16 | 16 | 0 | $2.1 million |
| 2003 | 15 | 15 | 0 | $2 million |
| 2002 | 6 | 6 | 0 | $1 million |
| 2001 | 3 | 3 | 0 | $285,000 |
| 2000 | 5 | 5 | 0 | $520,000 |
How Lebanon ranks on new homes being built →
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey, through August 2026.
Lebanon and its neighbors
| Town | 1-yr change | 2-bed rent | New homes 2025 | Median income |
|---|---|---|---|---|
| Lebanon | +9.6%† | $1,170 | 6 | $50,114 |
| Damascus | — | $1,140 | 13 | $75,357 |
| Oregon | +9.6%† | $1,120 | 4 | $75,625 |
| Mount Pleasant | — | $1,270 | 6 | $83,750 |
| Manchester | — | $1,010 | 7 | $68,333 |
† FHFA price index change, where Zillow has no home value for the town.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024 · figures for a place this size carry wide margins of error.
A two-bedroom rents for about $1,170
HUD's Fair Market Rent for a two-bedroom in Lebanon is $1,170 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Lebanon pay a median of $736, so moving in tends to cost more than staying put.
Studio $850 · 4 bedrooms $1,960
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (18417, 18431, 18453; Wayne County, PA), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Home values: Zillow Home Value Index (ZHVI), Zillow Research. Sales, days on market and supply: Redfin Data Center. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. New homes: U.S. Census Bureau, Building Permits Survey. Price trend: Federal Housing Finance Agency House Price Index. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.